A BlackRock survey reveals the uncertainties surrounding retirement planning for Americans. From financial literacy challenges for Gen Z to student loan burdens for millennials, retirement planning is more complex than ever. Find out how each generation is thinking about retirement and see how BlackRock’s findings may apply to you.

Gen Z workers lack investment knowledge, with 63% admitting they don’t understand enough to manage their savings confidently. Early investment decisions can significantly impact long-term wealth accumulation. Consider seeking help from an advisor to navigate available options as your wealth grows.

Millennials, burdened by student loan debt, often prioritize near-term expenses over saving for retirement. 72% would stay with an employer offering 401(k) matching for student loan payments. Employers can enhance loyalty by helping millennials manage debt while building retirement savings through repayment matching programs.

Gen Xers are saving consistently for retirement but feel uncertain about having enough. Concerns stem from Social Security sustainability, lack of traditional pension plans, and inadequate personal savings. To stabilize finances and protect retirement funds, consider a gold IRA for a hedge against inflation and market volatility.

Retired baby boomers emphasize the importance of a guaranteed income stream in retirement due to market volatility and rising healthcare costs. Annuity sales hit a record high in 2023, reflecting retirees’ increasing interest in secure income products like annuities. Consider exploring options to secure a reliable income stream in retirement.

Women face unique retirement challenges, with 65% expressing concern about outliving savings compared to 57% of men. Factors like longer life expectancy and the gender pay gap contribute to these worries. Consider smart money decisions like investing in high-yield savings vehicles to combat inflation and preserve purchasing power.

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Read more at Yahoo Finance: From baby boomers to Gen Z, these 6 stats show Americans of all ages are rethinking retirement